Shyft Group and Aebi Schmidt Complete Merger, Forming Aebi Schmidt Group
On July 1, 2025, Shyft Group Inc. and Aebi Schmidt Holding AG announced the successful completion of their merger, forming the new global entity known as Aebi Schmidt Group. This strategic move combines Shyft’s expertise in specialty vehicle manufacturing in North America with Aebi Schmidt’s global presence in mission-critical infrastructure, environmental, and agricultural solutions.
The merger positions Aebi Schmidt Group as a leader in the specialty vehicles sector, with a broadened geographical reach across North America and Europe. The combined company boasts complementary product portfolios and enhanced operational capabilities, aiming to capitalize on the strengths of both organizations.
Shares of Aebi Schmidt Group are set to begin trading on the NASDAQ under the ticker symbol “AEBIV” on a “when-issued” basis on July 1, 2025. Regular-way trading will commence under the ticker symbol “AEBI” on July 2, 2025. Following the merger, Shyft’s common stock will be delisted from the NASDAQ.
Barend Fruithof, Group Chief Executive Officer of Aebi Schmidt, expressed pride in uniting the two organizations under the Aebi Schmidt Group name. James Sharman will serve as Chairman of the Board for the newly formed company.
Prior to the merger, Shyft Group Inc., based in Novi, Michigan, operated within the Industrials sector, focusing on the Machinery industry. The company was known for its distribution and manufacturing of commercial vehicles, including trucks, trailers, and related products, serving a global customer base. Shyft Group was listed on the Nasdaq stock exchange, with a close price of $12.54 on June 29, 2025, and had experienced a 52-week high of $17.56 on July 30, 2024, and a low of $6.82 on April 21, 2025.
The merger is expected to enhance the combined company’s ability to innovate and deliver solutions across various sectors, leveraging the strengths of both Shyft and Aebi Schmidt.